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New Deal


Announced

Completed

Major Drilling Group International completed the acquisition of McKay Drilling for A$40m.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Australia

Specialty Contracting

Completed

Friendly

drilling services

Private

Majority

Acquisition

Synopsis

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Major Drilling Group International, a drilling services provider, completed the acquisition of McKay Drilling, a drilling company and a specialty drilling contractor, for A$40m. "Major Drilling is a great fit for McKay in terms of its capabilities, values, and culture. We both agree that a company is only as good as its people and I’m proud of the fantastic team we’ve built. ‘I am excited to see what lies ahead in our next chapter as part of the Major Group," Mark McKay, McKay Drilling Managing Director.

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